Business & Finance
Business and Finance
Business and Finance
Fri, January 16, 2009
Thu, January 15, 2009 Pacific Office Properties Trust Provides Schedule for Tax Treatment of 2008 Dividends
LOS ANGELES--([ BUSINESS WIRE ])--Pacific Office Properties Trust, Inc. (AMEX: PCE), a West Coast office REIT, provided the following schedule to assist shareholders in the tax reporting of the Company's 2008 dividend payments:
| Record Date | Date Paid | Dividend Per Share | Dividend Allocable to 2008 | 2008 Dividend Ordinary Income % | 2008 Dividend Capital gain % | 2008 Return of Capital % | ||||||||
| 12/31/2007 | 01/15/2008 | $ | 0.050 | $ | - | 0.0% | 0.0% | 0.0% | ||||||
| 09/30/2008 | 10/15/2008 | $ | 0.050 | $ | 0.050 | 0.0% | 0.0% | 100.0% | ||||||
| 12/31/2008 | 01/15/2009 | $ | 0.050 | $ | - | 0.0% | 0.0% | 0.0% | ||||||
| Total | $ | 0.150 | $ | 0.050 | ||||||||||
The common stock dividend of $0.050 per share with a record date of December 31, 2008 and paid on January 15, 2009 will be allocated to 2009. The common stock dividend of $0.050 per share with a record date of December 31, 2007 and paid on January 15, 2008 was previously allocated to 2007. Shareholders are encouraged to consult with their tax advisors as to the specific treatment of the dividends they have received from the Company.
About Pacific Office Properties Trust, Inc.
Pacific Office Properties Trust, Inc. ([ www.pacificofficeproperties.com ]) is a real estate investment trust that acquires, owns, and operates office properties in the western U.S., focusing initially on the high-growth markets of Honolulu, San Diego, Los Angeles, and Phoenix. The Company is externally managed by Pacific Office Management, Inc., an affiliate of The Shidler Group, and an entity owned by the Company's founders.
The Company's strategy is to acquire, in partnership with institutional co-investors, value-added office buildings whose potential can be maximized through improvements, repositioning, and superior leasing and management. The Company continues The Shidler Group's highly successful institutional joint-venture operations, which focus on acquiring opportunistic and value-added commercial real estate in partnership with institutional co-investors.
About The Shidler Group
The Shidler Group ([ www.shidler.com ]) is a private long-term investor in commercial real estate. Over the past 30 years, through its private and public affiliates, it has acquired, owned and managed more than 2,000 properties containing over 150 million square feet of leasable area. In addition to the formation of Pacific Office Properties Trust, Inc., The Shidler Group has founded three other publicly traded real estate investment trusts – Corporate Office Properties Trust (NYSE: OFC), First Industrial Realty Trust (NYSE: FR), and TriNet Corporate Realty Trust (formerly, NYSE: TRI, now part of iStar Financial (NYSE: SFI)).
